SharpLink First Public Company Tokenizing Stock on Ethereum Blockchain
SharpLink First Public Company Tokenizing Stock on Ethereum Blockchain

SharpLink First Public Company Tokenizing Stock on Ethereum Blockchain

News summary

SharpLink Gaming, a Nasdaq-listed company, is pioneering the tokenization of its SEC-registered common stock (SBET) on the Ethereum blockchain through a partnership with fintech firm Superstate and its Opening Bell platform. This initiative makes SharpLink the first public company to issue tokenized equity natively on Ethereum, allowing shareholders to hold shares in self-custodied wallets and integrate with decentralized financial products while maintaining SEC compliance. The move aims to modernize capital markets by exploring compliant trading of tokenized equities on Automated Market Makers (AMMs) and other DeFi protocols, aligning with the SEC's Project Crypto to update securities regulation for digital assets. SharpLink, which has become the second-largest corporate holder of Ether with over 830,000 ETH in reserves, envisions this as a step toward enhancing liquidity, efficiency, and global investor access, reinforcing its mission to advance Ethereum adoption. The collaboration also signals the growing competition in blockchain equity tokenization, with other firms like Forward Industries choosing different blockchains such as Solana. Industry leaders including Ethereum co-founder Joseph Lubin and Superstate CEO Robert Leshner have highlighted the significance of this partnership in shaping the future of financial infrastructure and tokenized public equities.

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